Winnipesaukee Forum - View Single Post

JG1222 · 08-12-2005, 06:55 AM

According to an article I read, this little $1.7 million real estate transaction would get you the following:

Three bedrooms
One and a half baths
1,040 sq. ft. of living space
1/4 acre of land
640 feet of lake frontage
A $10,000 tax bill every year (the gift that keeps on giving)

Incidentally, the original owner purchased 500 acres of land which included Spindle Point for less than a third of what the annual tax bill is now (although, this was also over a century ago).

In 1949 the relatives of the original owner sold the entire Spindle Point area to a developer for a quick $50,000. The developer divided it up and sold the individual lots.

(Here's a link to the article for anyone interested: http://www.cmonitor.com/apps/pbcs.dl...33/1001/NEWS01)

08-12-2005, 06:55 AM	#6
JG1222 Senior Member Join Date: May 2004 Location: Pelham, NH Posts: 347 Thanks: 14 Thanked 4 Times in 2 Posts	Tale of the Tape According to an article I read, this little $1.7 million real estate transaction would get you the following: Three bedrooms One and a half baths 1,040 sq. ft. of living space 1/4 acre of land 640 feet of lake frontage A $10,000 tax bill every year (the gift that keeps on giving) Incidentally, the original owner purchased 500 acres of land which included Spindle Point for less than a third of what the annual tax bill is now (although, this was also over a century ago). In 1949 the relatives of the original owner sold the entire Spindle Point area to a developer for a quick $50,000. The developer divided it up and sold the individual lots. (Here's a link to the article for anyone interested: http://www.cmonitor.com/apps/pbcs.dl...33/1001/NEWS01)